Tags : Agriculture Sector

Agric Imports Hit N2.7tn In 2021

Nigeria’s agricultural imports continued to take an upward trajectory, hitting N2.7tn in 2021. This is coming despite spending no less than N129.084bn on agriculture loans to farmers. According to findings by our correspondent, the Central Bank of Nigeria and the Federal Government, through the Agricultural Credit Guarantee Scheme Fund (ACGSF), has guaranteed a total of […]Read More

Agric Sector Records N1.7tn Trade Deficit In Nine Months

Between January and September this year, the agricultural sector recorded a trade deficit of N1.7tn as exports stood at N371.8bn while imports rose to N2.1tn. The latest National Bureau of Statistics’ foreign trade report has shown that the total value of trading in agricultural goods during the first three quarters of 2021 was N2.4tn. Breakdown […]Read More